Deal undone 
Container production – MCI not to CIMC. The emergence of a container manufacturing oligopoly still seemed unstoppable in October. The fact that these expectations weren’t fulfilled is related to global policies. more
CMA CGM takes energy precautions 
The CMA CGM Group has announced that it is creating a special fund for energies, backed by a five-year, USD 1.5 billion budget, to accelerate its energy transition and achieve net-zero carbon by 2050. The fund is structured around four lines of focus: firstly, developing and... more
Yang Ming keeps fleet size up
Keelung-headquartered carrier Yang Ming decided to extend its charter on five Seaspan neo-panamax containerships. They belong to the Hong Kong-based company Seaspan. The Taiwanese shipping group has announced an option on Seaspan's five 14,000 teu units. Currently, Yang Ming... more
Safeen spreads its wings
Safeen Feeders, Abu Dhabi Ports' (AD Ports) affiliate, and CMA CGM have jointly launched the Singapore Chennai Colombo (SCC) service which started in early September in Singapore. While Safeen will deploy the 2,000 teu unit “Safeen Pioneer” on this route, CMA CGM's 1,700 teu... more
Future Port starts operations
Tuas Port‘s first three berths are now operational. PSA inaugurated the new facilities after the completion of the first development phase, a milestone in Singapore’s maritime strategy. The port is located on Singapore's western seaboard. Planned as the nucleus of... more
Preferring sea freight to road traffic
It is now one year ago that Hansa Destinations launched its new shipping service between Nynäshamn and Rostock. The Visby-based shipping company Gotlandsbolaget’s investment in shipping between the continent and the Stockholm region is intended to reduce pressure on Sweden's... more
New analytics firm starts funding round
The name is DBX. The new dry bulk commodity analytics firm is based in London and has now initiated a round of seed funding. The venture first started in the summer of 2020 with all around support from Signal Ocean. The venture's main focus is on bulk cargo. DBX uses... more
Global Ports: less traffic, more revenues
Russia’s main container terminal operator Global Port Investments (Global Ports) has reported its interim consolidated financial results (unaudited) for H1/2022. The group's revenues grew by 18.2% to USD 271.6 million compared to H1/2021, while gross profit increased by 28.8% to... more
Maersk pulls out of Russia
A.P. Moller-Maersk’s (Maersk) terminals business, APM Terminals (APMT) has decided to sell its shares in Global Ports Investments (GPI). Following the announcement of Maersk’s commitment to discontinue activities in Russia earlier this year, APMT has now entered into a... more
Finnsirius tests the water
It is a first-timer for the first Superstar ro-pax vessel, “Finnsirius”, from Finnlines. After the launch on its Chinese wharf, construction on water will now continue. The building of the second Superstar ro-pax vessel is also proceeding and a keel laying ceremony took... more